Search Results for: International law

BY KEITH NUTHALL
BRITAIN, France, Finland, Spain and Germany are joining 15 countries in supplying experts to a new International Nuclear Safety Group, run by the International Atomic Energy Agency (IAEA). The group will provide authoritative advice and guidance on safety approaches, policies and principles at nuclear power plants and other nuclear facilities.…

BY DEIRDRE MASON
RESPONSIBLE Care as a concept has been a touchstone of the paint industry for many years, but it should in the coming months prove its worth in the UK and continental Europe. As is often the case with environmental legislation impacting on the paint and coatings industry, an important driver is the European Union (EU), which has approved a raft of directives that come into effect either this year or shortly afterwards.…

Keith Nuthall
THE INTERNATIONAL Chamber of Commerce (ICC) is fighting a legal decision it fears could make United States courts de facto global anti-trust regulators, even in cases with no direct impact on the USA. It has asked the US Supreme Court to overturn a DC Court of Appeals ruling allowing non-US plaintiffs to bring foreign anti-trust claims to American courts claiming a case might have a “direct, substantial, and reasonably foreseeable effect on US domestic or foreign commerce.”…

BY MARK ROWE
WHEN anti-money laundering officials draw up their lists of most notorious nations, Burma – or Myanmar by its official name – is routinely identified as one of the murkiest epicentres of money laundering. Ignore the fact that Burma has only been classified as a non-cooperative country or territory (NCCT) by the Financial Action Task Force (FATF) anti-money laundering body for just three years.…

BY MARK ROWE
MENTION Albania and money, and the image that comes to mind is of the extraordinary pyramid schemes that gripped the country in the mid-1990s as the country stepped out into a post-Stalinist dawn. Albanians poured their assets into the schemes, with an enthusiasm that was as remarkable as it was misguided.…

BY PHILIP FINE

US businesses are sheltering an increasing amount of money offshore from the taxman, with 46 per cent of the estimated US$233 billion earned abroad by American-owned multinationals in 2001 being held in foreign tax havens, up from 38 percent in 1999 and 23 percent in 1988.…

BY KEITH NUTHALL
GREECE is being threatened with legal action by the European Commission over its failure to abide by European Union (EU) rules insisting on international open tendering for its schoolbook production. The Commission has warned Greece of European Court of Justice action for allowing the national Organisation for the Publication of Schoolbooks to order supplies from between 80-90 Athens-area publishers and printers every year, without launching a tender.…

BY KEITH NUTHALL
THE EUROPEAN Commission has generated fears of increased alcohol and tobacco smuggling by proposing the abolition of indicative limits guiding European Union (EU) customs officials deciding whether quantities imported from other EU countries are for personal use. Bolkestein’s proposals would also liberalise the delivery of alcohol (but not tobacco) imports by an intermediary, such as foreign Internet drinks sites, abolishing the rule forcing such businesses to pay excise duty in the destination country.…

BY MONICA DOBIE
AIR Canada has won a court battle giving it preferential use of all 14 covered gates in Toronto Pearson International Airport’s new terminal. The airline complained at Ontario Superior Court that Greater Toronto Airports Authority reneged on a commitment regarding these gates, by forcing it to share claims to eight with Calgary-based WestJet.…

BY MARK ROWE
Mention Albania and money and one is drawn back to the extraordinary pyramid schemes that gripped the country in the mid-1990s as it emerged into a post-Stalinist dawn. Albanians poured in funds with an enthusiasm as remarkable as it was misguided.…